Aigen Investment Management LP Acquires New Position in Coty Inc. (NYSE:COTY)

Aigen Investment Management LP acquired a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 72,516 shares of the company's stock, valued at approximately $681,000.

Several other institutional investors have also modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in shares of Coty by 789.3% in the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company's stock worth $55,932,000 after purchasing an additional 4,954,362 shares during the last quarter. SG Americas Securities LLC increased its holdings in Coty by 1,798.5% during the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company's stock valued at $17,346,000 after buying an additional 1,750,021 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company's stock worth $19,038,000 after buying an additional 1,671,897 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock valued at $94,068,000 after acquiring an additional 890,626 shares during the period. Finally, Armistice Capital LLC bought a new position in shares of Coty in the 2nd quarter worth $8,883,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COTY shares. TD Cowen lowered Coty from a "buy" rating to a "hold" rating and decreased their price objective for the company from $11.00 to $8.50 in a report on Wednesday. Stifel Nicolaus decreased their target price on Coty from $11.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their target price on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Jefferies Financial Group decreased their target price on shares of Coty from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.56.

Coty Trading Up 2.6 %

Coty stock traded up $0.19 during trading on Thursday, reaching $7.57. 4,202,889 shares of the company were exchanged, compared to its average volume of 4,214,409. The stock's 50 day simple moving average is $8.46 and its two-hundred day simple moving average is $9.50. The company has a market capitalization of $6.57 billion, a P/E ratio of 44.53, a PEG ratio of 0.73 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 52-week low of $7.02 and a 52-week high of $13.30.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company's revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities research analysts expect that Coty Inc. will post 0.52 earnings per share for the current fiscal year.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.